Monster Employment Singapore grew by 3% on year-over-year basis in December'20
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Highlights
1. The Monster Employment Index (MEI) stood at 112 in December'20 as compared to 109 in December'19.. 2. Month-on-month, decline of 1% was registered; as November 2020 saw an index of 113. Last Quarter registered 3% growth which clearly indicates that hiring is rising among companies.. 3. Production/ Manufacturing (+19%) saw the significant year-on-year growth in e-recruitment among industries. This was followed by Healthcare (+16%), Engineering, Construction and Real Estate (+11%).. 4. Software, Hardware, Telecom (+21%), professionals continued to witness steepest year-on-year growth. This was followed by increase in demand for Healthcare (+17%) and Engineering /Production (+15%) professionals..
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The Monster Employment Index is a broad and comprehensive monthly analysis of online job posting activity conducted by Monster India. Based on a real-time review of millions of employer job opportunities culled from a large, representative selection of online career outlets, the Monster Employment Index presents a snapshot of employer online recruitment activity nationwide. Monster has taken due care in compiling and processing the data available from various sources for Monster Employment Index, but does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or action / decision taken or for the results obtained from the use of such information. Monster Employment Index was first launched in India in May 2010 with data collected since October 2009 followed by Gulf in April 2011 with data collected since October 2010; Singapore in May 2014 with data collected since January 2011; Philippines and Malaysia in May 2015 with data collected since February 2014.

December 2020 Index Highlights:

  • The Monster Employment Index (MEI) stood at 112 in December'20 as compared to 109 in December'19.
  • Month-on-month, decline of 1% was registered; as November 2020 saw an index of 113. Last Quarter registered 3% growth which clearly indicates that hiring is rising among companies.
  • Production/ Manufacturing (+19%) saw the significant year-on-year growth in e-recruitment among industries. This was followed by Healthcare (+16%), Engineering, Construction and Real Estate (+11%).
  • Software, Hardware, Telecom (+21%), professionals continued to witness steepest year-on-year growth. This was followed by increase in demand for Healthcare (+17%) and Engineering /Production (+15%) professionals.